APPLIED MATERIALS INC /DE (AMAT): debt financing — Applied Materials enters $2.0B revolving credit facility, replaces $1.5B prior facility

APPLIED MATERIALS INC /DE

New five-year $2.0B revolving credit facility, matures February 24, 2030.
Replaces $1.5B prior facility; no outstanding amounts transferred.
Facility can be increased to $2.5B with lender commitments.
Borrowings bear interest at Term SOFR plus 0.50% to 1.00% based on credit ratings.
Financial covenant: consolidated adjusted EBITDA / net interest expense ≥ 3.00x.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

APPLIED MATERIALS INC /DE incurred credit facility of $2.0 billion revolving credit facility with Bank of America, N.A., as administrative agent, and the lenders party thereto at Term SOFR plus an adjustment of 0.10% plus the applicable margin, which will ran maturing February 24, 2030.

Instrument: credit facility
Principal: $2.0 billion revolving credit facility
Counterparty: Bank of America, N.A., as administrative agent, and the lenders party thereto
Rate: Term SOFR plus an adjustment of 0.10% plus the applicable margin, which will ran
Maturity: February 24, 2030
Event: incurrence

Exact text from the filing

On February 24, 2025, Applied Materials, Inc. (“Applied”) entered into a credit agreement (the “Credit Agreement”) for a five-year $2.0 billion revolving credit facility with Bank of America, N.A., as administrative agent (the “Administrative Agent”), and the lenders party thereto (collectively, the “Lenders”).

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Source: SEC EDGAR

accession 0001193125-25-039328

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